john_best-practices | Stripe Developers | Page 1

lapis lakeBOT Apr 2, 2024, 11:25 PM

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lusty pumiceBOT Apr 2, 2024, 11:26 PM

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fossil tendon Apr 2, 2024, 11:34 PM

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No, it's not possible to transfer funds between two connected accounts

lone sonnet Apr 2, 2024, 11:35 PM

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what is the buyer is not a connected account? Can some other account type work here?

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is/if

fossil tendon Apr 2, 2024, 11:35 PM

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I'm not sure I follow. In that case, what is the buyer's relationship to your platform and the seller?

lone sonnet Apr 2, 2024, 11:38 PM

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we are trying to solve a problem where in we want money between 2 customers accounts be transferred directly

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those need not be connected account

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it is a weird scenario where we do not want money to come to our account and then we issue the payout. Rather we want to initiate the payout or transfer directly from one customer's account (buyer for example) to another customer's account

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we know the amount and the account details of both customers.

fossil tendon Apr 2, 2024, 11:41 PM

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By customer's account, you mean these are two Customer objects (each with saved PaymentMethods) and you want to transfer funds between those PaymentMethods?

lone sonnet Apr 2, 2024, 11:42 PM

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right, something similar. They both have bank accounts and they transfer has to happen between the bank accounts

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I am guessing that one of the account would be Connected account

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that will receive the funds

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not sure what the other account be like on Stripe

fossil tendon Apr 2, 2024, 11:51 PM

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Got it. No, this isn't possible to do

lone sonnet Apr 2, 2024, 11:52 PM

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what are Direct charges or Destination charges used for? cant I leverage for this scenario?

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the buyer has a regular Stripe Customer account on my platform and the seller has a Connected account.

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can I then create a charge on the buyer's account on behalf of the seller (Connected) account?

lusty pumiceBOT Apr 2, 2024, 11:57 PM

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fossil tendon Apr 2, 2024, 11:58 PM

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Direct and destination charges are used in the context of Connect. A platform can create a charge directly on a connected account (direct charges), or they can create a charge on their platform and transfer funds to a connected account (destination charges)

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As a platform, you could charge the customer with destination charges and transfer funds to the connected account. Those funds will land on your platform account first before being transferred to the connected account

lone sonnet Apr 3, 2024, 12:01 AM

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is there a no way where the funds do not land on my platform account first?

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why cant Direct charge work here?

slow cedar Apr 3, 2024, 12:07 AM

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Are you asking why you can't use direct charge on a express account?

lone sonnet Apr 3, 2024, 12:08 AM

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I am looking for a solution as this is bit of a new scenario for us. We are work with any account types etc. as long as the scenario can be handled

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We can work with any account types that you suggest

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we just want funds to be transferred between 2 bank accounts without any amount coming to our platform account

slow cedar Apr 3, 2024, 12:10 AM

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Then you should use direct charges on standard connected account. https://docs.stripe.com/connect/direct-charges

Creating direct charges

With Connect, you can make charges directly on the connected account and take fees in the process.

lone sonnet Apr 3, 2024, 12:14 AM

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thank you.
should both the accounts be Connected accounts for this to work?

slow cedar Apr 3, 2024, 12:17 AM

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No, one account is the platform, and the other is the connected account.

lone sonnet Apr 3, 2024, 12:17 AM

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so, the buyer is a platform account and seller is a Connected account, right?

slow cedar Apr 3, 2024, 12:17 AM

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No

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https://docs.stripe.com/connect/direct-charges#flow-of-funds-with-fees I'd suggest you to take a look at the fund flow diagram to understand the parties involved in a direct charge.

Creating direct charges

With Connect, you can make charges directly on the connected account and take fees in the process.

lone sonnet Apr 3, 2024, 12:28 AM

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If I understand correctly:

We as a platform create a PaymentIntent with the amount value and set the stripe account value to that of the seller's Connected account Id. We do not keep any platform fees here so that we do not receive any amount on our platform account

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is that correct understand?

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understanding?

slow cedar Apr 3, 2024, 12:49 AM

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I'm not sure what you mean by platform fee. But if you are talking about collecting a fee from connected accounts, you can collect it through application fee https://docs.stripe.com/connect/direct-charges#collecting-fees

Creating direct charges

With Connect, you can make charges directly on the connected account and take fees in the process.

lone sonnet Apr 3, 2024, 12:56 AM

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does this work with bank accounts?

slow cedar Apr 3, 2024, 12:58 AM

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You mean ach direct debits? https://docs.stripe.com/payments/ach-debit/accept-a-payment?web-or-mobile=web&payments-ui-type=direct-api

Accept an ACH Direct Debit payment

Build a custom payment form or use Stripe Checkout to accept payments with ACH Direct Debit.

lone sonnet Apr 3, 2024, 1:20 AM

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I meant both, the buyer and the seller, each have a bank account. The fund/charge should be transferred from the buyer's bank account to the seller's bank account directly. Can Direct Charge be used here?

slow cedar Apr 3, 2024, 1:22 AM

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If you are using ACH direct debit, the funds will be eventually transferred to seller's bank account.

lone sonnet Apr 3, 2024, 1:25 AM

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without the funds making into my platform account?

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and what according to you is a better solution, direct charges or ACH direct debit?

slow cedar Apr 3, 2024, 1:27 AM

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You can use Direct Charge with ACH direct debit.

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